Why fintech governance matters for central banks
Fintech throws up an array of challenges that may require central banks to adapt their frameworks
Technology plays a core role in the operation and credibility of central banks. Today they face an increasing number of technological challenges: from the development of payments by non-bank entities to ageing legacy systems and the risks associated with using third-party technology suppliers. All the while, cyber risks are on the rise.
So far, discussion around fintech and central banks has mostly focused on the application of new technologies – their risks and their benefits. As a result
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